ORX blogs and updates

One of the areas covered in our Three Lines of Defence (3LOD) Practice Benchmark is how financial firms can further embed the 3LOD model. Here’s a quick overview of the four key ways we identified.

For anyone who read the draft Basel Committee on Banking Supervision (BCBS) documents, Principles for operational resilience or Revisions to the principles for the sound management of operational...

Do you know which op risk loss events have had the most impact recently? Read on for the 5 largest operational risk losses reported by ORX News in Q1 2021.

Operational resilience has been on the regulatory agenda over the last few years, and it's becoming even more of a hot topic right now with the focus shifting to ensuring that institutions can...

Recent papers have shown that climate risk management challenges faced by banks are reflected in the problems faced by regulators. On 30 April, the Basel Committee on Banking Supervision (BCBS)...

The three lines of defence (or 3LOD) model is an accepted regulated framework designed to facilitate an effective risk management system. Traditionally, this model is used because it provides a...

Across all industries, artificial intelligence and machine learning techniques are commonly used to improve processes and leverage data, saving time and money. But, is your firm using them to support...

This year, ORX set up a group of operational risk professionals to specifically look at the impact of machine learning on operational risk. Together with our Machine Learning Working Group, we...

In the summer of 2019, the EBA formally provided their Basel III advice. Read on for a round-up of their recommendations.